Singapore Tightens Rules on Home Flipping After Price Jump

Singapore will add new curbs to discourage the flipping of some homes as the government seeks to ease speculation and boost affordability in the financial hub’s buoyant property market.

Authorities will introduce new measures targeting so-called Executive Condominiums, Minister for National Development Chee Hong Tat said in a speech on Friday. The period for which owners must reside in their apartments will be doubled to 10 years as part of efforts to help first-time home buyers secure a unit, Chee said.